Rithm Capital Corp. (RITM) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.578 Good morning and welcome to the Rhythm Capital fourth quarter 2025 conference call. 00:00:05.578 -- 00:00:08.142 All participants will be in a listen-only mode. 00:00:08.142 -- 00:00:11.566 Should you need assistance, please signal a conference specialist by pressing the star 00:00:11.566 -- 00:00:14.270 key followed by zero. 00:00:14.270 -- 00:00:18.235 After today's presentation, there will be an opportunity to ask questions. 00:00:18.235 -- 00:00:22.461 To ask a question, you may press star and then one on your touch-tone telephone. 00:00:22.461 -- 00:00:26.165 To withdraw your questions, you may press star and two. 00:00:26.165 -- 00:00:29.005 Please also note today's event is being recorded. 00:00:29.005 -- 00:00:34.194 At this time, I'd like to turn the floor over to Emma Holke, Deputy General Counsel. 00:00:34.194 -- 00:00:36.875 Ma'am, please go ahead. 00:00:37.158 -- 00:00:40.845 Thank you, and good morning, everyone. I would like to thank you for joining us today 00:00:40.845 -- 00:00:45.232 for Rhythm Capital's fourth quarter and full year 2025 earnings call. 00:00:45.232 -- 00:00:49.679 Joining me today are Michael Nirenberg, Chairman, CEO, and President of Rhythm Capital, 00:00:49.679 -- 00:00:54.026 Nick Santoro, Chief Financial Officer of Rhythm Capital, and Barron Silverstein, President 00:00:54.026 -- 00:00:57.703 of Neurose. Throughout the call, we are going to reference the earnings supplement that 00:00:57.703 -- 00:01:02.407 was posted this morning to the Rhythm Capital website, www.rhythmcap.com. 00:01:03.051 -- 00:01:07.417 If you've not already done so, I'd encourage you to download the presentation now. 00:01:07.417 -- 00:01:10.622 I would like to point out that certain statements made today will be forward...